We will deal with the full process for you. We will:
This quote is for estates where:-
Our charges for the above will not exceed £1,995.00 plus VAT
We also charge a fee of £10.00 plus VAT to carry out an identity check for each Executor/Administrator
These charges are calculated mainly by reference to the time actually spent by the solicitor and other staff in respect of the work which they do on your behalf. This may include meetings with you, reading, preparing and working on papers, making and receiving telephone calls, email and letters.
The current hourly rates are set out below. VAT will be added to these at the rate that applies when the work is done. At present, VAT is 20%
|Solicitor Director and Consultants||195|
|Fellows of Inst. of Legal Executives, Senior Executives||145|
|Junior Executives/Personal Assistants||90|
Disbursements are expenses paid on your behalf such as the Probate Application Fee paid to the Court
Additional costs will be payable should any of the following apply:-
If the deceased owns a property there will be additional charges in connection with the sale or transfer.
If the property is to be sold our usual conveyancing fees for a sale will apply.
If the property is to be transferred to a beneficiary our fees would be £250.00 plus VAT.
In the Administration of Estates cases involving particular complexity or requiring specialist expertise, an additional charge may be made to that calculated on the basis of time spent. This may reflect a percentage of the value of the Estate. This value element reflects the importance and complexity of the transaction and the consequent responsibility falling on the firm.
On average we would anticipate an estate as detailed above to take around 3 to 4 months. Obtaining valuations can take around 3 weeks, obtaining the Grant can take around 2 to 3 weeks and encashing assets can take around 3 weeks. Once we are in receipt of all assets and liabilities have been paid we will prepare the Estate Accounts for approval by the Executor(s) / Administrator(s) . Once the Estate Accounts are approved we will distribute the asset which normally takes 2 weeks.
Please note, if there is a property to be sold and distributed the above timescales will be dependent upon how quickly a buyer is found and the time it takes for the sale of the property competed. These timescales are also dependent on all bank, organisations and beneficiaries responding within a reasonable time. Delayed replies will increase the time taken to complete the administration process.